Xero Ltd

XRO: XASX (AUS)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
A$16.00KtlzdzMqcsppq

Xero Fair Value Estimate Maintained Following Planday Acquisition

We have maintained our fair value estimate for narrow-moat-rated Xero at AUD 46 per share following its EUR 156 million, or AUD 235 million, acquisition of employee scheduling software provider, Planday. At the current market price of around AUD 113, we continue to believe Xero shares are significantly overvalued.

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